"I have a vivid memory of this exact same set-up leading into a melt-up
that retraced something like 78% of the prior move, and I know I’ve seen
a very similar kind of set-up more than once in the middle of some of
the head and shoulders patterns we’ve seen since the 2009 low. What
followed the melt-ups were hard moves down to significantly lower lows."

possible roadmap to a low mid-late September ? This is the square of 144 and I am thinking maybe a spike down below the 3/8 line at 157.5 though it could go lower obviously.We had lows in late Dec and late June.

"As traders we have to pull as much information together as we can to keep up, but it seems almost impossible to do. The algos have figured out most of the indicators. That is why you must continue to add to your trading tool box. It’s like a game of chess: We see 1 move and the algo sees the next 10 moves. There is just no way to bob and weave at every ES twist and turn."

“The very word “secrecy” is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings… Our way of life is under attack. Those who make themselves our enemy are advancing around the globe…no war ever posed a greater threat to our security. If you are awaiting a finding of “clear and present danger,” then I can only say that the danger has never been more clear and its presence has never been more imminent… For we
are opposed around the world by a monolithic and ruthless conspiracy
that relies primarily on covert means for expanding its sphere of
influence–on infiltration instead of invasion, on subversion instead of
elections, on intimidation instead of free choice, on guerrillas by
night instead of armies by day. It is a system which
has conscripted vast human and material resources into the building of a
tightly knit, highly efficient machine that combines military,
diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised.
No expenditure is questioned, no rumor is printed, no secret is
revealed.” — John F Kennedy, 35th President of the United States, from a
speech delivered to the American Newspaper Publishers Association on
April 27, 1961 and known as the “Secret Society” speech (click here for full transcript and audio).

Saturday, 24 August 2013

The last consolidation was very weak,a sideways move and the attempt to retrace was reversed quickly in the shooting star candle.Last week was a clear breakdown from the consolidation and I am thinking a move to test the 100 level is likely

"I was told that I would be crazy to approach people in Occupy,"
Stern admits. "I might not agree with all aspects of the Occupy Wall
Street movement, but Occupy cares, and they make it known and make it
public."
Apparently, this is a message that his contacts at the CIA where he
first reported HSBC improprieties, and agents he met at the FBI, and a
flock of attorneys and a top-tier public relations firm either could
not, or would not, make public. Evil would not be seen, nor heard.
"I believed that when the evidence I helped gather resulted in an
HSBC $1.9BB fine, that this would continue to criminal action. That
didn't happen," Stern laments.
"This, in spite of the bank admitting to funding terrorism
and laundering money and in spite of the fact that the bank has blood
on its hands. The fear of a subsequent market collapse was offered to
me as the reason for this mere slap on the wrist."

Miranda was held for nine hours under schedule 7 of the UK's terror laws,
which give enormous discretion to stop, search and question people who
have no connection with "terror", as ordinarily understood. Suspects
have no right to legal representation and may have their property
confiscated for up to seven days. Under this measure – uniquely crafted
for ports and airport transit areas – there are none of the checks and
balances that apply once someone is in Britain proper. There is no need
to arrest or charge anyone and there is no protection for journalists or
their material. A transit lounge in Heathrow is a dangerous place to
be.